United Communications Partners Inc (UCPA)

[naturalborninvestor]

I just pointed out that there is a new agency network foormed by Horizon. Not saying they have an interest.

But GENERALLY speaking, and in a friendly takeover scenario, the acquirer would make you, the target shareholder, a tender offer. This can be a cash offer per share or an amount of shares of their own stock for conversion. Or a mix of both.

Next, you alone decide if you want to accept the offer. There is no shareholder vote. Some target shareholders may accept and turn in their shares, some may not. The acquirer may then make another offer or negotiate privately. It is unlikely that shareholders don't accept at some point because market liquidity will be highly affected if target stock stops trading.